It is expected that the global User Activity Monitoring (UAM) market
size is to grow from USD 1,071.3 Million in 2018 to USD 3,335.7 Million
by 2023, at a CAGR of 25.5% during the forecast period.

The growing need for enhanced control over employees and third-party
vendors in enterprises, along with the need to meet stringent
compliances, has led enterprises of all sizes to adopt UAM solutions for
critical information protection. Moreover, cloud-based deployment is
gaining high traction in the market, as it requires less capital
investment, and helps decrease the operational and maintenance costs,
and reduce the management's efforts. Cloud UAM solutions are available
according to customer's demand, wherein a customer can start or stop any
service, at will. UAM solutions help organizations optimize the employee
productivity, protect sensitive data, applications, and comply with
stringent regulations.

UAM solutions include various technologies, such as behavior analytics,
log management, auditing and reporting, and others (visual forensics and
user activity alerting). The behavior analytics technology is expected
to dominate the User Activity Monitoring market and is estimated to have
a larger market share in 2018. The auditing and reporting technology is
expected to play a key role in changing the UAM market landscape and is
expected to grow at the highest CAGR during the forecast period, as
global organizations are highly proactive toward improving employee
productivity and protecting the sensitive information from insider
threats.

Market Dynamics

Drivers

Need for Enhanced Control Over Employees and Third-Party Vendors in
Enterprises

Increasing Need Among Organizations to Optimize the Employee
Productivity

Lack of Experts in the Cybersecurity Profession

Stringent Regulatory Compliances and Adoption of the Best UAM Practices